Nasdaq rebounds 1% as chip stocks recover; Dow falls despite strong jobs data

Impact · against what's priced in

The market's reaction to Airbnb's raised guidance suggests a beat over existing growth expectations, while the chip sector's recovery is largely a technical bounce from policy fears that doesn't alter long-term value assumptions. Conversely, regulatory friction in Texas and Atlassian's earnings miss introduce new downward pressure on data-center and software valuations.

ABNB+0.60

Challenges what's priced in

The price assumes